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FuboTV (FUBO) has won a delay in the introduction of Venu, the sports streaming service between Fox (FOX, FOXA), Warner Bros. Discovery (WBD), and Disney (DIS), which was set to launch next week. Activate Consulting founder and CEO Michael Wolf joins Asking for a Trend to discuss the news.
Wolf explains that Venu's expectation is "not a wall, it's a speed bump." He continues, "You almost have to step back and look at what's Fubo versus what they're going to launch," and calls Fubo a "virtual cable company" where customers can watch all networks for between $80 and $100 a month. On the other hand, Venu is about $42 per month and only offers sports.
"We can understand this from the Fubo perspective. They think it's going to hurt them. But for the most part, this is something different. And also, we should expect that there's going to be a lot more bundling across these services. So already, Verizon is selling a package of Netflix (NFLX) and Max. I mean, we're going to see more of this bundling and it's inevitable. This is what consumers are going to want," Wolf concludes.
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This post was written by Melanie Riehl